On October 8, 2026, Waymo closed a $5 billion term loan—its first debt financing—to accelerate the expansion of its autonomous ride-hailing business in the United States and internationally.
The Alphabet-owned company said the financing will provide greater flexibility as it scales its commercial operations and invests in additional markets. PIMCO, Blackstone and Sixth Street served as lead syndicated lenders, while Goldman Sachs acted as the deal’s sole lead bookrunner. Other participating institutions included Capital Group, Loomis Sayles, T. Rowe Price, Apollo, Blue Owl, Fidelity Management & Research and Oaktree.
The loan follows a $16 billion equity investment Waymo completed earlier in 2026, giving the company a substantial new pool of capital without issuing additional shares. Waymo said it recently launched service in its 15th U.S. city and has announced plans for new international locations, including expansion efforts in Europe and Asia. The move into debt financing reflects the large cost of building robotaxi fleets, technology systems and supporting operations as competition in autonomous transportation intensifies.